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Credit Unions, CUSOs Fighting Fraudsters

PYMNTS

” Phishing, Smishing and the Value of Education . The April Credit Union Tracker® details much of this nefarious activity – a most valuable read on those merits alone – and we learn about “…clone phishing, spear phishing, smishing and other specialized types of phishing.

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How Fraudsters Create New Schemes With Social Engineering

PYMNTS

Fraudsters request that these documents be emailed to an official-sounding address, enabling them to harvest a trove of valuable data including Social Security numbers and addresses. These schemes rely on other means of communication: telephone calls for vishing and text messages for smishing. com” flagged. .

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The Big Spike In ‘CEO Fraud’

PYMNTS

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5

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European Card Fraud 2020: UK Shrinks Fraud Losses by £46M

FICO

The Norway attacks centre around large-scale phishing and smishing efforts , designed to introduce a scam which ultimately ends in fraudulent Card Not Present (CNP) transactions. Phishing and smishing attacks come almost exclusively from data compromise and result in several point attacks.

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Fraud Scams Skyrocket, But People Worry More About Pickpockets

FICO

A simple phish or smish can turn into a nightmare for a consumer whose guard is down and is using their preferred communication method (text or email) to respond to a legitimate-looking message. Given the explosive growth of scams and human tendency to rely on vulnerable communication channels, how can we tackle the epidemic of scams?

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Know About Phishing Attacks & Safeguard Your Crypto Assets on Coinremitter

CoinRemitter

Below are the most common types of cyber phishing you should be aware of: – Email phishing – Smishing and Vishing – Clone phishing – Pharming – HTTPS phishing Email Phishing This is the most popular as well as the most common medium of cyber phishing. Look for SSL certificates while accessing a website.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

Using the data from these reports, issuers can act immediately to address known compromised cards with tactics like block/reissue or implement strategies to increase monitoring of those cards for signs of fraudulent activity. Knowing where skimmers are most prevalent is also a powerful piece of knowledge.